TIDMTPX
RNS Number : 8605R
TPXimpact Holdings PLC
10 November 2021
10 November 2021
T PXimpact Holdings PLC (previously The Panoply)
( "TPX", "T PXimpact ", or the " Company ")
Issue of Shares, PDMR dealings and Total Voting Rights
T PXimpact Holdings PLC, the technology-enabled services company
focused on digital transformation, announces that the Company has
today issued 77,535 new ordinary shares of 1 pence each in respect
of outstanding acquisition consideration totalling GBP192,280
("Earnout Shares") and 4,118 new ordinary shares of 1 pence in
respect of the Share Incentive Plan ("SIP").
The SIP Trustees (Cytec Trustees Limited) acquired a total of 4,
118 shares (the "Partnership Shares") on 8 November 2021 at a price
of GBP2.77 per Ordinary Share and total cost of GBP11,407. The
Partnership Shares were acquired by purchase in the market and
allocated to those company employees participating in its Share
Incentive Plan (SIP) scheme. As set out at the time of the
announcement of TPXimpact's interim results on 30 November 2020,
this SIP Plan is designed to reward and incentivise employees of
the Company through tax-efficient salary sacrifice and a free
matching award of Ordinary Shares on a one-for-one basis.
Accordingly, on 8 November 2021, the SIP Trustees also allocated a
total of 4,118 matching shares (the "Matching Shares") under the
SIP. The Matching Shares are covered by the Company's block listing
as announced on 15 January 2021.
Neal Gandhi and Oliver Rigby received Earnout Shares in respect
of the acquisitions, together with Partnership Shares and Matching
Shares under the SIP as follows:
Name Earnout Partnership Matching Total Shares post Percentage
Shares Shares acquired Shares issue (including of issued
issued issued shares held by share capital
the SIP on behalf
of the relevant
PDMR)
Neal
Gandhi 36,221 54 54 8,644,059 10.2%
-------- ----------------- --------- ------------------- ---------------
Oliver
Rigby 0 54 54 4,225,973 5.0%
-------- ----------------- --------- ------------------- ---------------
Remaining value of acquisition consideration to be issued
Following the issue, the Company has additional consideration to
pay totalling GBP 4,391,284. The maximum further shares to be
issued as a result of this consideration is 5,558,502, which
reduces to 1,688,955 assuming the share price remained constant at
GBP2.60, being the closing mid-market price on 3 November 2021.
Further details of the share issues are set out below:
Value Minimum share Max shares to Shares to be issued calculated
GBP'000s price be issued '000s based on price of GBP2.
60
1,730 74p 2,339 666
-------------- ----------------- -------------------------------
890 82p 1,085 342
-------------- ----------------- -------------------------------
478 82.5p 580 184
-------------- ----------------- -------------------------------
1,293 83.125p 1,555 497
-------------- ----------------- -------------------------------
4,391 5,559 1,689
-------------- ----------------- -------------------------------
Timing of payment of acquisition Value GBP'000s
consideration
Within the next 6 months 2,206
---------------
Between 6-12 months 1,586
---------------
After 12 months 599
---------------
Admission to trading and total voting rights
An application has been made for the admission of the Earnout
Shares to trading on AIM which is expected to take place on or
around 15 November 2021. The Matching Shares are covered by the
Company's block listing as announced on 15 January 2021.
Following this issue of Earnout Shares and Matching Shares the
Company will have 84,968,618 Ordinary Shares in issue and no
Ordinary Shares in treasury. Therefore, the total voting rights in
TPXimpact will be 84,968,618. T his figure may be used by
shareholders as the denominator for the calculation by which they
may determine if they are required to notify their interest in, or
change to their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.
Enquiries:
TPXimpact Holdings Via Alma PR
Neal Gandhi (CEO)
Oliver Rigby (CFO)
Stifel Nicolaus Europe Limited +44 (0)207 710
(Nomad and Joint Broker) 7600
Alex Price
Fred Walsh
Dowgate Capital Limited
(Joint Broker)
James Serjeant +44 (0)203 903
David Poutney 7715
Alma PR tpx@almapr.co.uk
(Financial PR) +44(0)203 405
Susie Hudson 0209
Kieran Breheny
Matthew Young
About TPXimpact
TPXimpact exists to transform the organisations, services and
systems that underpin society and that drive business success. It
applies strategic and creative thinking, technology, innovative
design and user-centred approaches to bring about numerous
improvements which together multiply the impact of change. The
Company works closely with its clients in agile, multidisciplinary
teams that span organisational design, technology, and digital
experiences. It shares a deep understanding of people and
behaviours and a philosophy of putting people and communities at
the heart of every transformation.
The business is being increasingly recognised as a leading
alternative digital transformation provider to the UK public
services sector, with c.70% of its client base representing the
public sector and c.30% representing the commercial sector.
More information is available at www.tpximpact.com .
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Neal Gandhi
------------------------- -------------------------------------------------
2 Reason for the notification
------------------------- ---------------------------------------------------
a) Position/status Chief Executive Officer
------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
------------------------- ---------------------------------------------------
a) Name TPXimpact Holdings Plc
------------------------- -------------------------------------------------
b) LEI 2138004S9O18Q6F9MS74
------------------------- -------------------------------------------------
4 Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date;
and (iv) each place where transactions have
been conducted
------------------------- ---------------------------------------------------
a) Description of Ordinary Shares
the financial
instrument, type
of instrument
Identification ISIN: GB00BGGK0V60
code
------------------------- -------------------------------------------------
b) Nature of the Receipt of vendor consideration shares and
transaction purchase and allocation of Partnership and
Matching Shares, respectively, under TPXimpact
Holdings PLC Share Incentive Plan
------------------------- -------------------------------------------------
c) Price(s) and volume(s) Earnout Shares:
36,221 ordinary shares at 247.92p
Matching Shares:
54 ordinary shares at 277p
Partnership Shares:
54 ordinary shares at 277p
------------------------- -------------------------------------------------
Aggregated information Earnout Shares:
36,221 shares
GBP89,799
- Aggregated volume Matching Shares:
54 shares
GBP149.58
- Price
Partnership Shares:
54 shares
d) GBP149.58
------------------------- -------------------------------------------------
e) Date of the transaction 10 November 2021
------------------------- -------------------------------------------------
f) Place of the transaction Earnout Shares and Matching Shares took place
outside a trading venue
Partnership Shares acquired on AIM
------------------------- -------------------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
------------------------- ---------------------------------------------------
a) Name Oliver Rigby
------------------------- -------------------------------------------------
2 Reason for the notification
------------------------- ---------------------------------------------------
a) Position/status Chief Financial Officer
------------------------- -------------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
------------------------- ---------------------------------------------------
a) Name TPXimpact Holdings Plc
------------------------- -------------------------------------------------
b) LEI 2138004S9O18Q6F9MS74
------------------------- -------------------------------------------------
4 Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date;
and (iv) each place where transactions have
been conducted
------------------------- ---------------------------------------------------
a) Description of Ordinary Shares
the financial
instrument, type
of instrument
Identification ISIN: GB00BGGK0V60
code
------------------------- -------------------------------------------------
b) Nature of the Purchase and allocation of Partnership and
transaction Matching Shares, respectively, under TPXimpact
Holdings PLC Share Incentive Plan
------------------------- -------------------------------------------------
c) Price(s) and volume(s) Matching Shares:
54 ordinary shares at 277p
Partnership Shares:
54 ordinary shares at 277p
------------------------- -------------------------------------------------
Matching Shares:
Aggregated information 54 shares
GBP149.58
- Aggregated volume
Partnership Shares:
54 shares
GBP149.58
d) - Price
------------------------- -------------------------------------------------
e) Date of the transaction 10 November 2021
------------------------- -------------------------------------------------
f) Place of the transaction Matching Shares took place outside a trading
venue
Partnership Shares acquired on AIM
------------------------- -------------------------------------------------
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END
TVRKZMGMNLGGMZM
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November 10, 2021 02:00 ET (07:00 GMT)
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